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Earn +20 ptsQ: Example of joint probability
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What type of event is found by multiplying the probability of the first event by the probability of the second event?
That's the probability that both events will happen, possibly even at the same time. I think it's called the 'joint' probability.
What is the joint probability of having a good economy and a neutral stock performance?
0.09
What is Theoretical Probabilty?
In theoretical probability, the probability is determined by an assumed model (for example, the normal distribution). (compare with empirical probability)
Is the probability that a freshman entering college will graduate an example of Empirical Probability?
Yes.Yes.Yes.Yes.
Can probability be expressed as a percent?
Yes, probability can be expressed as a percent. It is common to express probabilities as a percentage, which is calculated by multiplying the probability by 100. For example, if the probability of an event is 0.25, it can also be expressed as 25%.
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